Shares in the healthcare-turned-Bitcoin holdings company KindlyMD Inc. halved on Monday as its CEO warned of an upcoming increase in “share price volatility” and encouraged short-term traders to sell if they’re only looking to profit. “We expect share price volatility may increase for a period of time,” David Bailey said in a shareholder letter on…
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A long-term Bitcoin holder who sold $4 billion of his holdings for Ether last month has started selling again as Bitcoin crossed $116,000 for the first time in three weeks. Two Bitcoin (BTC) wallets tied to an address that had held onto the cryptocurrency for over eight years deposited 1,176 BTC worth over $136 million into…
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Crypto-buying public companies are entering a “player vs player” stage that will see firms competing harder for investor money, and that could drive up crypto market prices, according to Coinbase. “The days of easy money and guaranteed mNAV [multiple of Net Asset Value] premiums are over,” Coinbase head of research David Duong and researcher Colin…
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Blockchain tech firm BitMine Immersion Technologies has added to its massive Ether holdings for the second time this week, buying $200 million worth from digital asset trust Bitgo. Blockchain data reviewed by Lookonchain shows BitMine purchased 46,255 Ether (ETH) across three transactions with Bitgo on Wednesday. BitMine has the largest ETH holdings of any public…
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German authorities may have missed around 45,000 Bitcoin tied to the movie piracy site Movie2K, meaning there could be another $5 billion worth of Bitcoin that could eventually be seized and sold. Crypto intelligence platform Arkham said on Friday that it found more than 45,000 Bitcoin (BTC) that “still remains in wallets belonging to Movie2K,”…
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The premiums of digital asset treasury (DAT) firms are falling and it’s likely to worsen in the near future unless they take action, says New York Digital Investment Group (NYDIG). NYDIG global head of research Greg Cipolaro said on Friday that the gap between stock price and net asset values (NAV) of major Bitcoin (BTC)…
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The European Central Bank (ECB) renewed its push to issue a digital euro, drawing pushback from EU lawmakers over privacy protections and potential risks to commercial banks. ECB board member Piero Cipollone told a parliamentary economic committee on Thursday that a digital euro “will ensure that all Europeans can pay at all times with a…
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American Bitcoin, a crypto mining company linked to the Trump family, ended its choppy first day on the Nasdaq up over 16%, adding millions to the US first family’s wealth. The company, backed by US President Donald Trump’s sons Eric and Donald Trump Jr., went public after merging with the existing Bitcoin (BTC) mining company…
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Crypto tokens tied to the value of stocks could mislead investors as they don’t usually give holders the same rights as a direct shareholder, says the European Union’s markets regulator. Several companies have tokenized stocks and derivatives that are backed by the shares they represent held in a special purpose company, European Securities and Markets…
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The Trump administration is reportedly looking at a postwar plan for Gaza that proposes using tokenized land and digital tokens to relocate and rehouse residents under a potential US takeover. The Washington Post reported on Sunday that a 38-page prospectus for a post-war Gaza, called the Gaza Reconstitution, Economic Acceleration and Transformation Trust (GREAT Trust),…
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